Grant of Additional Security Sample Clauses

Grant of Additional Security. Xxxxxxxx has agreed to further secure Borrower’s obligations under the 2015 Notes by causing Agenus West to grant to the Purchasers a subordinate mortgage (the “Subordinate Mortgage”) on certain real property owned by Xxxxxx Xxxx identified as 000 Xxxxx Xxxxxx, Xxxxxxxx, Xxxxxxx Xxxxxx, Xxxxxxxxxx 00000-0000 (“Heinz”), and (2) Parcel Numbers: 0000-000-000 and 0133-480-[000-000-000], Vacaville, Solano County, California 95688 (“Vacaville”, together with Xxxxx, referred to as the “Properties”). Purchasers acknowledge that Ocean 1181 LLC (“Senior Lender”) currently holds a first priority deed of trust lien securing the original principal amount of $22,000,000 (as may be increased and amended from time to time but not to exceed the to-be-outstanding amount of $24,750,000, the “Senior Loan”) on the Properties and that the Purchaser’s rights under the Mortgage will be subordinate in all respects to the Senior Lender’s security interests in all such collateral pursuant to an intercreditor agreement to be entered into between Purchasers and Senior Lender. Purchasers have agreed that upon payment in full of Senior Xxxxxx’s loan to Agenus West, provided that Purchaser’s rights under the Mortgage are no longer subordinate to any senior lender, Borrower shall have the right to extend the Extended Maturity Date with respect to any or all of the 2015 Notes to February 19, 2028. In addition, Borrower has agreed to move Purchasers into Senior Lender position alongside any new lender if Purchaser agrees to extend the Extended Maturity Date to February 19, 2028 with no changes to warrant terms.
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Grant of Additional Security. To secure the Secured Obligations, each of Lessor and Lessee has assigned and pledged to the Security Trustee for the benefit of the Secured Parties, a security interest in all of its respective right, title and interest in and to the Account Collateral pursuant to the Account Pledge Agreement.
Sample 1
Grant of Additional Security. In order to induce the Agents and the Lenders to enter into this Amendment and thereby, among other things, increase the Revolving Loan Commitment Amount and the Letter of Credit Commitment Amount and provide for the inclusion of "Eligible Accounts" in the computation of the "Borrowing Base Amount", the U.S. Borrower hereby assigns and pledges to the Administrative Agent for its benefit and the ratable benefit of each of the Lenders and the Issuers, and hereby grants to the Administrative Agent, for its benefit and the ratable benefit of each of the Lenders and the Issuers, a security interest in all of the following, whether now or hereafter existing or acquired, and in addition to (and in no way in limitation of) any and all of the other "Collateral" under (and as such term is defined in) the U.S. Borrower Security Agreement, all accounts, contracts, contract rights, chattel paper, documents, instruments, and general intangibles of the U.S. Borrower, whether or not arising out of or in connection with the sale or lease of goods or the rendering of services, and all rights of the U.S. Borrower now or hereafter existing in and to all security agreements, guaranties, leases and other contracts securing or otherwise relating to any such accounts, contracts, contract rights, chattel paper, documents, instruments, and general intangibles.
Sample 1
Grant of Additional Security. The Borrower covenants that it will not grant any security interest, mortgage or other lien or encumbrance of any kind on the Mortgaged Property, except Permitted Encumbrances.
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Grant of Additional Security. In consideration for the mutual premises set forth in this Agreement, the Credit Parties hereby covenant and agree to grant to and in favour of the Lender the following additional security:
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Grant of Additional Security. Cross-References. References in this Amendment to any Part or Subpart are, unless otherwise specified or otherwise required by the context, to such Part or Subpart of this Amendment.
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Grant of Additional Security. To secure the Secured Obligations, each Borrower hereby assigns and pledges to the Security Trustee for the benefit of the Secured Parties, and hereby grants to the Security Trustee for the benefit of the Secured Parties a security interest in, all of its right, title and interest in and to the Account Collateral.
Sample 1

Related to Grant of Additional Security

  • Additional Security This guarantee is in addition to and is not in any way prejudiced by any other guarantee or security now or subsequently held by any Finance Party.

  • Deposit of Additional Securities (a) Subject to the requirements set forth below in this Section, the Depositor may, on any Business Day (the "Trade Date"), subscribe for Additional Units as follows: (1) Prior to the Evaluation Time defined in Section 5.01 on the Trade Date, the Depositor shall provide notice (the "Subscription Notice") to the Trustee of the Depositor's intention to subscribe for Additional Units. The Subscription Notice shall identify the Additional Securities to be acquired (unless such Additional Securities are a precise replication of the then existing portfolio) and shall either (i) specify the quantity of Additional Securities to be deposited by the Depositor on the settlement date for such subscription or (ii) instruct the Trustee to purchase Additional Securities with an aggregate cost as specified in the Subscription Notice. (2) Promptly following the Evaluation Time on such Business Day, the Depositor shall verify with the Trustee, the number of Additional Units to be created. (3) Not later than the time on the settlement date for such subscription when the Trustee is to deliver the Additional Units created thereby (which time shall not be later than the time by which the Trustee is required to settle any contracts for the purchase of Additional Securities entered into by the Trustee pursuant to the instruction of the Depositor referred to in subparagraph (1) above), the Depositor shall deposit with the Trustee (i) any Additional Securities specified in the Subscription Notice (or contracts to purchase such Additional Securities together with cash or a letter of credit in the amount necessary to settle such contracts) or (ii) cash or a letter of credit in the amount equal to the aggregate cost of the Additional Securities to be purchased by the Trustee, as specified in the Subscription Notice, together with, in each case, Cash defined below. "Cash" means, as to the Capital Account, cash or other property (other than Securities) on hand in the Capital Account or receivable and to be credited to the Capital Account as of the Evaluation Time on the Business Day preceding the Trade Date (other than amounts to be distributed solely to persons other than persons receiving the distribution from the Capital Account as holders of Additional Units created by the deposit), and, as to the Income Account, cash or other property (other than Securities) received by the Trust as of the Evaluation Time on the Business Day preceding the Trade Date or receivable by the Trust in respect of dividends or other distributions declared but not received as of the Evaluation Time on the Business Day preceding the Trade Date, reduced by the amount of any cash or other property received or receivable on any Security allocable (in accordance with the Trustee's calculation of the monthly distribution from the Income Account pursuant to Section 3.05) to a distribution made or to be made in respect of a Record Date occurring prior to the Trade Date. Each deposit made pursuant to this Section 2.05 shall replicate, to the extent practicable, the portfolio immediately prior to such deposit.

  • Issuance of Additional Notes The Issuers shall be entitled, subject to their compliance with Section 4.09, to issue Additional Notes under this Indenture which shall have identical terms as the Initial Notes issued on the Initial Issuance Date, other than with respect to the date of issuance, issue price and the date from which interest begins to accrue. The Initial Notes issued on the Initial Issuance Date, any Additional Notes and all Exchange Notes issued in exchange therefor shall be treated as a single class for all purposes under this Indenture, including, without limitation, waivers, consents, directions, declarations, amendments, redemptions and offers to purchase. With respect to any Additional Notes, the Issuers shall set forth in an Officers’ Certificate, which shall be delivered to the Trustee, the following information: (1) the aggregate principal amount of such Additional Notes to be authenticated and delivered pursuant to this Indenture; (2) the issue price, the issue date and the CUSIP number and any corresponding ISIN of such Additional Notes; and (3) whether such Additional Notes shall be Transfer Restricted Securities and issued in the form of Initial Notes as set forth in Exhibit 1 to the Appendix to this Indenture or shall be issued in the form of Exchange Notes as set forth in Exhibit A to the Appendix.

  • Delivery and Payment of Additional Shares Payment for the Additional Shares shall be made on the Option Closing Date by wire transfer in Federal (same day) funds, upon delivery to the Underwriters of certificates (in form and substance satisfactory to the Underwriters) representing the Additional Shares (or through the facilities of DTC) for the account of the Underwriters. The Additional Shares shall be registered in such name or names and in such authorized denominations as the Underwriters may request in writing at least two (2) full Business Days prior to the Option Closing Date. The Company shall not be obligated to sell or deliver the Additional Shares except upon tender of payment by the Underwriters for applicable Additional Shares. The Option Closing Date may be simultaneous with, but not earlier than, the Closing Date; and in the event that such time and date are simultaneous with the Closing Date, the term “Closing Date” shall refer to the time and date of delivery of the Firm Shares and Additional Shares.